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Framer hits $2 billion valuation in latest funding round - The Economic Times
Economic Times
·
1d ago
Medial
Framer, a website design platform, reached a $2 billion valuation in its latest funding round, securing $100 million. Led by investors Meritech and Atomico, this Series D funding reflects growing confidence in startups creating professional sites with minimal developer input. Founded in 2015 by former Meta employees, Framer's platform aids in developing interactive prototypes. A recovering IPO market and optimism about potential U.S. interest rate cuts have reinvigorated growth-stage startup investments.
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SoftBank-backed Zeta’s valuation hits $2 bn in new funding round
VCCircle
·
6m ago
Medial
Zeta, a banking technology company backed by SoftBank and Mastercard, has achieved a $2 billion valuation following a $50 million investment from US-based healthcare firm Optum. The funding boosts Zeta's valuation from the $1.45 billion marked in a 2021 round by SoftBank's Vision Fund 2. Founded in 2015 by Bhavin Turakhia and Ramki Gaddipati, Zeta provides a software-as-a-service (SaaS) platform that enables banks and fintechs to launch various financial products.
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Google invests $1 billion more in OpenAI rival Anthropic: Reports
Inshorts
·
7m ago
Medial
Google is investing $1 billion in AI startup Anthropic, a major competitor of ChatGPT maker OpenAI, as per reports. The latest funding is in addition to the $2 billion that Google has already invested in the startup. It was earlier reported that Anthropic was close to raising $2 billion in a Lightspeed-led round at a valuation of about $60 billion.
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AI startup Cohere valued at $6.8 billion in latest fundraise, appoints new executives - The Economic Times
Economic Times
·
15d ago
Medial
Cohere, an AI startup, achieved a $6.8 billion valuation following its latest $500 million funding round led by Radical Ventures and Inovia Capital, with contributions from AMD Ventures, NVIDIA, and others. Unlike many AI firms, Cohere focuses on enterprise-specific models. The funds will aid in developing efficient AI for businesses and governments. Additionally, Joelle Pineau from Meta and Francois Chadwick from Uber have joined as Chief AI Officer and Chief Financial Officer, respectively.
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Business travel management platform TravelPerk raises $104M
TechCrunch
·
1y ago
Medial
TravelPerk, a business travel management platform targeted at SMEs, has raised $104 million in a financing round led by SoftBank’s Vision Fund 2. The funding gives TravelPerk a valuation of $1.4 billion. The Barcelona-based company offers an all-in-one platform for companies to book, manage, and report their domestic and international travel. Despite the downturn in startup funding and valuations, TravelPerk's CEO believes the flat valuation is healthy considering the current climate. The latest funding round serves as the fourth installment of the company's Series D round, bringing the total raised to nearly $400 million.
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Anthropic eyes close to $5 billion in new funding round - The Economic Times
Economic Times
·
8d ago
Medial
Anthropic, an artificial intelligence company, is reportedly set to raise nearly $5 billion in a funding round led by Iconiq Capital, elevating the startup’s valuation to $170 billion. Iconiq Capital plans to invest about $1 billion. Additional investors may include Qatar Investment Authority, Singapore’s GIC, and Amazon, which has previously funded the company. This substantial investment underlines the growing interest and confidence in AI technologies and startups.
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Singapore's GIC gets CCI approval to buy stake in IPO-bound Groww - The Economic Times
Economic Times
·
1m ago
Medial
Viggo Investment, a subsidiary of Singapore's GIC, received Competition Commission of India (CCI) approval to acquire a 2.14% stake in Billionbrains Garage Ventures, owner of Groww. This investment is part of a larger funding round of $250-300 million, with GIC expected to contribute $150 million. Groww recently concluded a $250 million funding round led by GIC, at a valuation of $6.5 billion. The company plans to file for an IPO estimated between $700 million and $1 billion.
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Israel's Cato networks raises $359 million, valued at more than $4.8 billion - The Economic Times
Economic Times
·
2m ago
Medial
Israeli cybersecurity firm Cato Networks has secured $359 million in a late-stage private funding round, valuing the company at over $4.8 billion. The financing round included new investors such as Vitruvian Partners and ION Crossover Partners, along with existing investors like Lightspeed Venture Partners, Acrew Capital, and Adams Street Partners. With this latest investment, Cato Networks has raised over $1 billion in total, aiming to redefine enterprise security for the digital and AI era.
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Databricks eyes over $100 billion valuation as investors back AI growth plans - The Economic Times
Economic Times
·
10d ago
Medial
Analytics firm Databricks plans to raise its valuation to over $100 billion in a new funding round, highlighting strong investor interest in AI startups. With 15,000 customers, Databricks intends to use the funds for product development and mergers and acquisitions. The company benefits from high demand for AI applications, transforming data into valuable assets. CEO Ali Ghodsi noted the oversubscription of the funding round, reflecting the robust market interest in AI advancements.
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Robotics startup FieldAI raises $314 million in new funding, sources say - The Economic Times
Economic Times
·
9d ago
Medial
FieldAI, a California-based robotics startup, has secured $314 million in new funding, significantly boosting its valuation to $2 billion. Key investors include Khosla Ventures, Nvidia's NVentures, and Bezos Expeditions. Founded in 2023, FieldAI specializes in software for safe robot operation in industrial settings. The funding will expand its team and support contracts across the US, Europe, and Asia. FieldAI's technology integrates physics to enhance robot safety and adaptability in dynamic environments.
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Clay valued at $3.1 billion in latest fundraise as AI continues to run hot - The Economic Times
Economic Times
·
24d ago
Medial
AI startup Clay has raised $100 million in its latest funding round, valuing it at $3.1 billion. The investment was led by CapitalG, the independent growth fund of Google-parent Alphabet, showing industry support for Clay's offerings. This fundraising brings Clay's total funding to $204 million, as investors continue to actively fund artificial intelligence companies.
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